Udupi : The Union Cabinet Wednesday gave an in-principle approval for building two strategic crude oil reserves including one at Padur (Udupi district) in Karnataka with 2.5-million tonne capacity. The move will insulate India from spike in global prices of crude oil, Finance Minister Piyush Goyal said. The aggregate capacity of the second reserve will […]
Mangaluru : The Petroleum and Natural Gas Ministry is keen to start, at the earliest, the process of stocking crude oil in underground caverns built by the Indian Strategic Petroleum Reserves Ltd. (ISPRL) at Mangalure and take advantage of the global fall in oil prices, said Union Minister of State (Independent Charge) for Petroleum and […]
New Delhi: With international crude oil rates slipping below $55 a barrel, state-run oil marketers had a New Year Day gift of a cut petrol and diesel rates by Rs.2 a litre, excluding local taxes. Allowing for local levies, petrol per litre from Thursday costs Rs.61.33 in Delhi, Rs.68.86 in Mumbai, Rs.68.65 in Kolkata and […]
